₦airaland Forum

standd:
Poverty and seeing hungry children.
Scares the poo out of me.

i guess that's wen u try to put urself in thier shoes..lol

anishe:
Na Nigeria Police Mumu pass na. Just like the clueless President.

i tire for dem

byrron:
Abacha look more like a dictator on that picture even before he bacame the head of state.

lol...

a really nice topic just made front page but sadly people are not noticing it cos of the way irrelevant things are making front page...i like the pics with abacha...who would have tot he would become a dictator?

.our police instead of searching for the man pinned a notice on his door to report to the station.... like seriously who does dat....person commit murder com stroll go police station abi??...it is well

.wish i could delete those stations completely

eph12:
Scared that I may never die

lmao...vampire

bushdoc9919:
Mr President is being too optimistic.

We are dependent on oil.....so much dependent.....and to make matters worse, our reserves are being depleted to keep the naira from falling into the abyss....

I guess we should be honest, admit oil is a curse.....and start going the industrial route. Simples.

Nigeria is a dutch diseased economy.....best we acknowledge that....and start making changes. Like spending more on power.....and unfortunately....Austerity cometh.(we have no choice.).

The Dutch disease occurs when the traditional export (tradable goods) sector is crowded out by the booming export sector and the non-tradable goods sector. The lagging traditional tradable goods sector may include cocoa, palm produce, cotton, rubber, coal, copper, textiles and some manufactured goods while the booming export sector may be crude oil, coffee, gold, etc. The non-tradable (non-export) goods sector covers all those goods that are produced for domestic consumption only, e.g. staple food items, clothing, building materials, locally-assembled cars. Where crude oil (and gas) is the booming export sector, the non-oil export sector may be crowded out by the oil sector and the non-tradable goods sector of the economy. This can happen when the oil revenue windfall increases domestic demand for non-tradable goods and pushes up domestic prices leading to an appreciation of the real exchange rate which in turn reduces the competitiveness of the non-oil export sector. This will in turn lead to a reduction in non-oil exports in both quantum and value terms. The oil windfall may also lead to movement of the factors of production in the economy. For instance, capital and labor (and land) may shift from the non-oil export sector to the oil sector (in order to maintain or increase reserves and production) and the non-tradable goods sector (to take advantage of the growing domestic demand). This explains why the increase in oil prices and the subsequent oil revenue windfall in many oil-exporting countries have tended to depress their non-oil export sector while at the same time generating a boom in both the oil and the non-tradable goods sectors. With capital and labor shifting from the non-oil export sector to the oil-sector and non-traded goods sector, firms in the non-oil export sector are forced to either close down or reduce their scale of operation. [b]The boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. The depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil. For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty.[/b]

From: Managing the Dutch disease in Nigeria. by Dr. Emmanuel Ojameruaye

the only good comment have read today....

bright007:
Nairaland members....una welcome

lol i don tiya sef..

i think the guy chop him money run...but na person wey wan be governor be this

.she looks pwedy tho...but does this increase the price of crude oil

hey guys lets share our experiences and on things that scares us the most and also our phobias...TO me i'm scared of holding a baby dats a couple of days old...scares the shit outta me , they look so small and i feel i might drop them...

nice of him but oga na award we wan chop?...create more employment abeg

REB3L:
.

lifestyle1:
[/quote][quote author=Francon post=28611772]As usual

Simple26:
First

searching4love:

Simple26:
First

see una lifelol

.corruption in the Nigerian police since 19bc
9ja police: the thieves took ur money?
me: yes
9ja police : do u still have moni left?
me : yes
9ja police: bring it let me go and arrest them...

.see this dude o...he should be challenging his death sentence instead of asking for money

eleojo23:
Unfortunately, the admin is more interested in traffic than in the quality of comments.
Yeah, he needs to get more traffic for the growth of his business but let quality not be sacrificed on the alter of traffic.

Many people visit this site because of the intelligent comments they can get but when that is no more available, they will stop visiting and that results in loss of traffic.

So the admin should strike a balance.

exactly...

.oky...why is every topic making front page? and the speed this mods are putting up stuffs eh just got me wondering tho...peeps are jus commenting Nonsense everywhere... Like dis one now wetin una want make person talk

GoodGirl2:
Yes. That tone says it all.

lol....ur opinion tho

GoodGirl2:
Bitterness.

..

u think??

ladies wen in their youth com up with hilarious standards wen age catches up with dem the start getting desperate and by that time we men set up our own standards too...

mifavour:
I wish I could arrest them all. they keep me from being d first to comment..and its just funny when I see people writing things like gh,b, f,., haha!

lol don't worry, luck will soon shine on u.. plus what's really exciting about commenting first,?

mifavour:
lol. space bookers...

.lol u dey do police work today

everyday new development...nigeria it is well..

to 90% guys its lack of opportunity but to gals its simply about choice

.people are really disgusting.... how on earth will u have the mind to rape a child with down syndrome he should have his willi willi cut off sef...i really hope our legal system can send him to jail for real

namo:
no worry just wait small. seun dey bring your money come house

lol so Wats the big deal for am now

kipesco:
Yes, we really had no choice but now. Our past Presidents believed in the power of us but Jonathan, me and other liked minds really don't believe US is the perfect solution to Nigeria now.

ur rite..the U.S don't mean good to us...u never can tell uncle sam is even behind our problems

its simple.... use wat u have to get wat u want...dats wat they do